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Formula:
\text{Discount} = \text{M.P.} - \text{S.P.}
\text{S.P.} = \text{M.P.} - \text{Discount}
1. C.P. = Rs.1300
M.P. = Rs.1400
Discount (in Rs.) = Rs.40
Find S.P. and profit or loss.
\text{S.P.} = \text{M.P.} - \text{Discount}
= 1400 - 40
= Rs.1360
In this case, S.P. > C.P.
Therefore, there is a profit.
\text{Profit} = \text{S.P.} - \text{C.P.}
= 1360 - 1300
= Rs.60
2. C.P.= Rs.1200
M.P.= Rs.1250
Discount (in Rs.) = Rs.100
Find S.P. and profit or loss.
\text{S.P.} = \text{M.P.} - \text{Discount}
= 1250 - 100
= Rs.1150
In this case, C.P. > S.P.
Therefore, there is a loss.
\text{Loss} = \text{C.P.} - \text{S.P.}
= 1200 - 1150
= Rs.50
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